Bitcoin Breaks All-Time High Despite Low Interest from Individual Investors

Google Trend Score, BTC 41 points
"This bull market is led by forces"

Despite BTC being on the verge of breaking the all-time high, individual investors' interest in BTC is very low.

According to Google Trend data on the 30th, the global search interest in the keyword 'BTC' recorded 41 points out of 100, showing a very low score compared to the time when BTC set a new all-time high.

BTC started a sharp rise on the 29th and recorded $73,544 around 4 am on the 30th, narrowly missing the all-time high of $73,700 set in March this year.

Experts analyze that the breakthrough of BTC's all-time high is imminent. Famous cryptocurrency analyst Van der Poof explained, "As the US unemployment claims data to be released this week is expected to show favorable unemployment rate, BTC is likely to break the new all-time high."

While BTC is about to set a new all-time high, the Google Trend, a key indicator of public interest in BTC, has shown unexpected data.

Based on the Google Trend data, it has been argued that the sudden BTC rally is a movement led entirely by institutional investors or forces. Cryptocurrency expert Miles Deutscher said, "Despite BTC being on the verge of setting a new all-time high, retail investors' interest is still at a low level. Unlike the previous bull market, this bull market has come very quietly."

Reporter Kwon Seung-won ksw@blockstreet.co.kr